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Deutsche Bank has new big shareholder with Capital Group's 3% stake

Reuters
·1-min read
The logo of Deutsche Bank is seen in Brussels

FRANKFURT (Reuters) -Deutsche Bank, Germany's largest lender, has a new big shareholder, a regulatory filing showed on Monday.

Capital Group holds 3.04% of the bank, up from 0.1% previously, the disclosure showed.

Capital Group and Deutsche Bank declined to comment.

The U.S. investor had a stake of more than 5% in Deutsche Bank before selling it down considerably, starting in 2022, filings show.

Deutsche Bank shares traded 0.6% lower late on Monday.

Capital Group was also once a top shareholder of Germany's Commerzbank before selling down its stake.

(Reporting by Tom Sims; additional reporting by Iain Withers; Editing by Rachel More, David Holmes and David Evans)